Average Salary in Cyprus 2026
Currency: EUR · Updated for 2026
How much money does a person working in Cyprus make?
Average Monthly Salary
2,304 EUR
( 27,644 EUR yearly )
~ 2,504 USD per month ( 30,048 USD yearly )
LOW
576 EUR
626 USD
AVERAGE
2,304 EUR
2,504 USD
HIGH
8,063 EUR
8,764 USD
A person working in Cyprus typically earns around 2,304 EUR per month. Salaries range from 576 EUR (lowest average) to 8,063 EUR (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Distribution of Salaries in Cyprus
Median and salary distribution monthly Cyprus
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What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated.
The median (2,028 EUR) represents the middle salary value — 50% earn more and 50% earn less. The average (2,304 EUR) is the sum of all salaries divided by the number of workers, and can be skewed by extremely high or low salaries.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
- 0–2 Years (Entry Level)13,822 EUR
- 2–5 Years (Junior)17,969 EUR
- 5–10 Years (Mid-Career)23,498 EUR
- 10–15 Years (Experienced)27,644 EUR
- 15+ Years (Senior)33,173 EUR
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average +30% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average +31% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by +18% and an additional +20% for those who have crossed the 15 years mark.
“On average, a person's salary doubles their starting salary by the time they cross the 10 years experience mark.”
Salary Comparison By Education
How does the education level affect your salary?
- High School16,587 EUR
- Certificate19,351 EUR
- Associate22,115 EUR
- Bachelor's27,644 EUR
- Master's33,173 EUR
- PhD38,702 EUR
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High School → Certificate
+17%
Certificate → Bachelor's
+43%
Bachelor's → Master's
+20%
Master's → PhD
+17%
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average +17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn +43% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are +20% more than those with a Bachelor's Degree.
Finally, PhD holders earn +17% more than Master's Degree holders on average.
Salary Comparison By Gender
Salary comparison by gender monthly Cyprus
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Cyprus earn 11% more than their female counterparts on average across all sectors.
Average Annual Salary Increment Percentage in Cyprus
How much are annual salary increments? How often do employees get salary raises?
7%
Average Raise
16 months
Review Frequency
9%
Annualized Increase
Employees in Cyprus are likely to observe a salary increase of approximately 7% every 16 months.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
The average salary increase in one year (12 months) in Cyprus is 9%.
Bonus and Incentive Rates in Cyprus
How much and how often are bonuses being awarded?
57%
Received Bonus
43%
No Bonus
57% of surveyed staff in Cyprus reported receiving at least one form of monetary bonus.
Average Bonus Rate
7%
of annual salary
Types of Bonuses Considered:
• Individual Performance-Based Bonuses
• Company Performance Bonuses
• Goal-Based Bonuses
• Holiday / End of Year Bonuses
Top 5 Highest Paying Industries
Annual average salaries
- Legal37,320 EUR
- Aviation35,937 EUR
- Information Technology35,937 EUR
- Banking34,555 EUR
- Pharmaceuticals34,555 EUR
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Salaries for Popular Jobs
Sample job titles and their average salaries
| Job Title | Annual Salary | Monthly Salary |
|---|---|---|
| Surgeon | 69,110 EUR | 5,759 EUR |
| Pilot | 55,288 EUR | 4,607 EUR |
| Software Developer | 49,759 EUR | 4,146 EUR |
| Data Scientist | 46,995 EUR | 3,916 EUR |
| Financial Manager | 44,231 EUR | 3,686 EUR |
| Database Administrator | 41,466 EUR | 3,456 EUR |
| Engineer | 38,702 EUR | 3,226 EUR |
| Marketing Manager | 35,937 EUR | 2,995 EUR |
| Project Manager | 34,555 EUR | 2,880 EUR |
| Accountant | 30,409 EUR | 2,534 EUR |
| Hotel Manager | 27,644 EUR | 2,304 EUR |
| Nurse | 24,880 EUR | 2,074 EUR |
| Graphic Designer | 23,498 EUR | 1,958 EUR |
| Chef | 20,733 EUR | 1,728 EUR |
| Teacher | 19,351 EUR | 1,613 EUR |
Salary Comparison By City
Average annual salaries by city
| City | Average Salary |
|---|---|
| Nicosia | 31,791 EUR |
| Limassol | 29,026 EUR |
| Larnaca | 29,026 EUR |
Government vs Private Sector Salary Comparison
Where can you get paid more?
2,189 EUR
Private Sector
2,419 EUR
Public Sector
+11%
Public sector employees in Cyprus earn 11% more than their private sector counterparts on average across all sectors.
Average Hourly Wage in Cyprus
13 EUR
per hour
The average hourly wage (pay per hour) in Cyprus is 13 EUR. This means that the average person in Cyprus earns approximately 13 EUR for every worked hour. Hourly Wage = Annual Salary ÷ (52 × 5 × 8)
Cost of Living in Cyprus
Estimated monthly expenses
Rent
330 EUR
/month
Food
106 EUR
/month
Transport
40 EUR
/month
Utilities
52 EUR
/month
Compare Your Salary
See how your salary compares with the average in Cyprus and explore top-paying jobs.